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Kalpitiya Tourism Zone lease agreements:
Two hotels for Rs 3.9 billion
Harshini PERERA
The land leasing agreements of two projects under the Kalpitiya
Integrated Tourism Resort program will be signed between investors and
the Sri Lanka Tourism Development Authority this week.
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Eight projects will be implemented under the Kalpitiya
Integrated Tourism Resort program. File photo |
The investment value of these projects will be Rs 1.2 billion and Rs
1.7 billion respectively.
Eight projects will be implemented under the Kalpitiya Integrated
Tourism Resort program.
The Sri Lanka Tourism Development Authority will provide the land for
these projects under leasing agreements. It is expected that these
leasing agreements will generate Rs 80 million revenue to the
Government. These projects are given on 30 years lease and the revenue
includes 30 years lease as well as the monthly rental of Rs 2800 per
perch for a month, Sri Lanka Tourism Development Authority, Additional
Project Director, Tissa Sooriyagoda told Daily News Business.
“Both these new projects are set up to cater to the needs of the
tourists with five star facilities and the room rate will be over US $
250,” he said.
The hotels will be constructed in an environmental friendly manner in
the Kalpitiya zone. It is expected to have around one million tourists
and over 5000 hotel rooms in Kalpitiya after the completion of the
Integrated Tourism Resort program.
The tourism industry will benefit in two ways by the development of
the tourist resorts in Kalpitiya. It is by increasing the number of
stays and the average spending of tourists in Sri Lanka.
“We are in the process of constructing mockup rooms for the two
projects. Mockup rooms are those that demonstrate the nature of the
rooms after the construction of hotels. It is expected to start the
projects by mid next month after the signing of agreements,” Sooriyagoda
said.
Another project has received Environment Impact Assessment (EIA)
clearance for a 200 roomed hotel in Kalpitiya.
Named as Dutch Bay Resort the investment has been directed from
Bahrain. The project value is Rs 2 billion. It is expected to start
construction on November 11 in 2011. |
